| COMMUNITY 2000 | |||
| EDUCATIONAL FOUNDATION | |||
| FINANCIAL SUMMARY 2008 | |||
| Revenue: | |||
| Capital Gains Distributions | $ 7,386.00 | ||
| Dividend Income | $ 8,364.65 | ||
| Donations | |||
| Donations-Cash | $ 107,014.49 | ||
| Donations-Stock | $ 13,240.34 | ||
| Total Donations | $ 120,254.83 | ||
| Interest Income | $ 2,535.96 | ||
| Total Revenue: | $ 138,541.44 | ||
| Disbursements: | |||
| Expenses: | |||
| Bank Charges | $ 6.99 | ||
| Clerical Services | $ 1,410.00 | ||
| Commissions and Fees | $ 155.00 | ||
| Dues | $ 250.00 | ||
| Fund Raising Expenses: | |||
| Fund Raising Expenses-CCEP | $ 13,442.55 | ||
| Fund Raising Expenses-Other | $ 1,163.75 | ||
| Total Fund Raising Expenses | $ 14,606.30 | ||
| Insurance (other than health) | $ 640.00 | ||
| Investment Expenses | $ 2,217.96 | ||
| Meals and Entertainment | $ 14.85 | ||
| Office expenses | $ 408.48 | ||
| Postage and Delivery | $ 2,147.68 | ||
| Printing | $ 1,108.27 | ||
| Supplies | $ 1,933.53 | ||
| Taxes and licenses | $ 75.00 | ||
| Expense Sub-Total | $ 24,974.06 | ||
| Scholarship Awards: | $ 29,400.00 | ||
| CCEP Grants | $ 27,046.91 | ||
| Transfers to RI Foundation (CCIP Endowment): | $ 4,895.00 | ||
| Transfers to Rotary Club: | $ 4,895.00 | ||
| Transfers to Westerly College Club: | $ 9,290.42 | ||
| Total Other Disbursements | $ 75,527.33 | ||
| Net Income: | $ 63,014.11 | ||
| Change in Net Assets: | |||
| Community 2000 Scholarship Endowment Accounts: | |||
| Assets - Beginning Year | $ 742,563.73 | ||
| Net Income for 2008 | $ 63,014.11 | ||
| Unrealized Gains/Losses: | $(239,932.41) | ||
| Assets - End of Year | $ 565,645.43 | ||
| Asset Breakdown: | |||
| Community 2000 Scholarship: | |||
| Raymond James Endowment Accounts | $ 390,364.08 | ||
| Unrestricted Scholarship Endowment | $ 228,763.34 | ||
| Culinary Scholarship Endowment | $ 21,140.23 | ||
| Pellegrino Scholarship Endowment | $ 25,069.05 | ||
| Professional Planning Group Endowment | $ 21,734.97 | ||
| Quonochontaug Scholarship Endowment | $ 22,189.77 | ||
| Automotive Scholarship Endowment | $ 2,711.14 | ||
| Carpentry Scholarship Endowment | $ 4,216.08 | ||
| General Career & Tech. Scholarship Endowment | $ 653.71 | ||
| Chariho Professional Women Scholarship Endowment | $ 1,818.67 | ||
| Chariho Community Strategic Projects | $ 62,067.12 | ||
| Washington Trust Checking Account | $ 15,702.24 | ||
| Chariho Community Innovative Project@ RI Foundation: | |||
| Assets - Beginning Year | $ 243,725.55 | ||
| Grants Directly from RI Foundation | $ - | ||
| Transfers from Community 2000 | $ 6,569.06 | ||
| Net Investment Return | $ (60,809.98) | ||
| Grants for Educational Projects | $ (18,196.00) | ||
| Expenses | $ (1,806.41) | ||
| Year End Total Assets | $ 169,482.22 | ||
| Total Scholarship & CCEP Year End Endowment Accounts | $ 559,846.30 | ||